China advisors recommend 7% growth

China's top leadership will meet on Tuesday for an annual gathering to map out economic and reform plans for the following year, and some influential advisors to the government are recommending it cuts its 2015 growth target to seven percent.

China looks set to miss its growth target this year for the first time since 1999, and full-year growth is likely to be the weakest in 24 years. The government last cut its annual growth target in 2012, to 7.5 per cent from eight percent that it had kept for eight years.

Sources said government-run think-tanks, which are influential in the decision-making process but do not wield power themselves, are planning to recommend Beijing reduce its official GDP growth target in 2015 to seven per cent, down from 7.5 percent this year.